The OFT has finally published its Guidance document covering the use of names for inclusion in consumer credit licences.

The Guidance is available on the OFT’s website at the following link:

http://www.oft.gov.uk/shared_oft/reports/consumer_credit/OFT1378.pdf

The Guidance is in the form of the draft Guidance issued for consultation late last year. The contents remain self explanatory and do not raise any unusual or surprising issues.

The key message is to remember that trade names used for businesses must be registered and maintained on your consumer credit licence.